Top Loans Report – July

Looking for the best rate on a personal loan? The team here at UK loans has decided to make life easier for you by researching the market and presenting the top deals.
Looking for the best rate on a personal loan? The team here at UK loans has decided to make life easier for you by researching the market and presenting the top deals.
This week lenders have found themselves under increasing pressure amid concerns over the consumer credit market. This follows the Bank of England’s recent directive which will see banks reserve a further £11.4BN in order to strengthen finances and mitigate the risk of bad loans.
It’s been just over three weeks since UK voters took to polling stations and cast their votes on June 8th – a snap election which took place three years earlier than scheduled. This was called for by PM Theresa May in what was largely an effort to strengthen her hand in Brexit negotiations. What we saw however was a surprising result, one which neither the Conservative government or the financial markets had anticipated.
Understanding your credit score can be key in obtaining credit. With Credit Perfect, you can work to improve and rebuild your credit profile. Their real time reporting allows you to proactively monitor you credit score as well as receiving real time notifications of any complaints against your rating.
With wage inflation still low and many families continuing to feel the pressure financially, cutting costs is uppermost in many householders’ minds in order to free up their disposable income. One key issue that keeps recurring in the media in particular is that of the cost of domestic energy, with the so-called ‘Big Six’ energy companies coming in for repeated criticism for their charges which are often perceived to be excessive, with profits at the core of their ethos.